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When purchasing a property in New York City (or anywhere, for that matter), buyers need to account for more than just the purchase price of their new home. On both the purchase and sale side, taxes, mortgage fees, and other closing costs can add...

If you’re arranging a new mortgage or moving an existing one to a new lending institution, you will probably be offered mortgage insurance as part of the package. Protecting what is likely the largest investment you will ever make is always...

The residential marketplace has improved greatly since 2012, according to analysts at Zillow, an online real estate database. That bodes well for many homeowners who are benefitting from rising home values and are not in a "negative equity...

This past year has witnessed many mortgage reforms, several of which have been very significant for mortgage brokers. To ensure that your operation is complying with strict regulations, your business should be transacting business with these...

Will getting a mortgage be easier in 2015? It's a question many prospective home buyers are asking in the final weeks of 2014.With many Americans still recovering from the devastating recession of 2008, only now are some ready to pursue home...

Taking a reverse mortgage on your home can be a scary option for baby boomers, but it does guarantee you can stay in your home. And now, according to Reverse Mortgage Space, a leading and knowledgeable reverse mortgage website, homeowners over 62...

Fair access to credit depends upon fair lending laws. In order to remain compliant, federal credit unions must adhere to these lending laws without fail. In order to meet compliance standards, adopting best practices is essential for federal...

Have you ever received one of those letters in the mail that tells you how you can save nearly $250 per month if you refinance your mortgage with their company? No closing costs, low rate—sounds great, right? Well, before you sign the...

Many have lamented the complexity of the mortgage industry. Yet today's advanced technology allows for better quality control than ever. Lenders have been grappling with methods to insure that regulations are met and that all criteria is...

Every day, you check real estate listings online. On the weekends, you drive through neighbourhoods seeking out For Sale signs. So, it may be safe to say, you’re on the fast track to purchasing your first home. You’re not alone: In...

Buying a new home is an important lifestyle choice – you decide where you want to live based on the type of home you want, the neighbourhood, perhaps proximity to schools or parks, and for a host of other personal and family reasons. But...

AMonday RMLS report reflecting a shrinking distressed property inventory for Q2 2014 was just one more indicator of a slightly retracting housing market. While distressed property inventory and sales are down in 2014, so is conventional housing...

Your credit score is essential for securing loans, rental properties, and even for many employment opportunities. Credit scores are determined by a how timely you are with your monthly payments, as well as your overall debt to credit ratio....

Organization is a key priority for most businesses, but for loan lenders inefficient organization can be downright crippling. Inefficient methods to track and retrieve vital data--and it's all vital at some point--lead to trouble. For this...

Letters of Explanation!LOX or LOE...whichever letters your loan officer calls them by, it is still by far one of the best tools available when communicating with the underwriter about your particular loan.The letter of explanation is recommended...